Analysts Set Ag Growth International Inc. (TSE:AFN) Target Price at C$50.43

Ag Growth International Inc. (TSE:AFN) has been given an average rating of “Buy” by the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$50.43.

Several equities analysts have issued reports on the company. Royal Bank Of Canada dropped their target price on Ag Growth International from C$55.00 to C$50.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. Raymond James Financial upped their target price on shares of Ag Growth International from C$47.00 to C$52.00 and gave the company an “outperform” rating in a report on Tuesday, August 5th. Atb Cap Markets upgraded Ag Growth International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 5th. TD Securities upped their price target on Ag Growth International from C$55.00 to C$57.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Finally, Desjardins lowered their target price on Ag Growth International from C$49.00 to C$47.00 and set a “buy” rating for the company in a research note on Monday, October 27th.

Ag Growth International Stock Performance

TSE AFN opened at C$19.42 on Wednesday. The company has a market capitalization of C$365.10 million, a PE ratio of -53.94, a P/E/G ratio of 1.30 and a beta of 1.11. Ag Growth International has a 1 year low of C$18.65 and a 1 year high of C$55.41. The company has a fifty day moving average of C$35.86 and a two-hundred day moving average of C$38.90. The company has a debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84.

Ag Growth International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Monday, September 29th. Ag Growth International’s dividend payout ratio (DPR) is presently -166.67%.

About Ag Growth International

Ag Growth International Inc manufactures portable and stationary grain handling, storage, and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment, and grain drying systems. The company operates mainly in Portable handling, permanent handling, storage and conditioning, livestock, and manufacturing sectors.